This is habit forming!
- The transports have eclipsed the "double top" of early May.
- While the biotech price action is bubbleicious, the oncology news is tremendous from a humanistic standpoint.
- The internals (both the breadth and upvolume/downvolume) continue to act well. I watch these "tells" on pullbacks for signs of traction/slippage.
- The dollar has "come off" its earlier levels.
- I saw the new Matrix flick yesterday and walked away unimpressed.
- Emotion remains the enemy when trading. If you're too big, cut back so you can think clearly. If you're not big enough, define your risk and identify a time frame before piling into exposure. Either way, stop schvitzing and think positive!
- The semis, drugs and oil service trade relatively heavy.
- Thank you Ruby.
- Do you remember how "big" S&P 980 was last year when we repeatedly tested it to the downside?
- Balance, Mon Frere, Balance.
- When the closing bell tolled on Friday, the skies opened up and it poured all weekend. Naturally, it's 80 degrees and sunny today.
- Oil back at $30.
- A faithful Minyan sent me a Chris Murrell CD and it's awesome. For you crooner fans out there, I highly recommend it.
- There sure are a whole heckuva lotta similarities between the NDX chart and the Nikkei chart -- including this rally. I believe that will continue for many years.
- Do they even sell vinyl records anymore?
- The sellers have "walked away" from certain situations, particularly in the retail space.
- I ran into a very smart trader/analyst friend at the gym this weekend. He told me he wishes he was 100% trader and 0% analyst the last few months.
- If you view the big picture as a series of little pictures, there is a better ability to define risk.
- Congrats Lionel -- it looks awesome.
- Why does it seem that most people don't want to talk about 9/11 anymore?
- When I was a kid, the idea of suburbia seemed foreign and far-fetched. After 13 years in the city, I'm beginning to see the appeal.
- March was "a" bottom. I seriously doubt that it was "the" bottom.
- Whenever I'm looking for trading perspective, I pull back my charts and extend the time frames.
- Do you think Willis and Kimberly had a "thing" going in Diff'rent Strokes?
- Zero percent financing will come back to haunt the autos.
- The fear of missing is palpable but it's been that way for a while.
- How am I approaching these levels? Gingerly, with defined risk and looking for compelling set-ups.
Todd Harrison is the founder and Chief Executive Officer of Minyanville. Prior to his current role, Mr. Harrison was President and head trader at a $400 million dollar New York-based hedge fund. Todd welcomes your comments and/or feedback at firstname.lastname@example.org.
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